News

Is it worth it? Edinburgh £850,000

What it is: No 26/28 Albany Street is a three-storey townhouse and a basement in the New Town.

It is being sold with planning approval for conversion from office use into a three-bed home. Many original features have been retained, including some plasterwork and a central staircase and cupola. The basement is available for offers over £285,000.

The problems: Although the building is in sound condition, conversions of this kind tend to be expensive. You should probably budget to spend at least £200,000, and take professional advice on costs before proceeding.

The advantages: Assuming the good news about the capital's economy continues, this will be a highly desirable home in the beautiful centre of a wealthy city.